Aurora Cannabis Stock Price on October 2, 2023
ACB Stock | USD 4.57 0.23 5.30% |
If you're considering investing in Aurora Stock, it is important to understand the factors that can impact its price. As of today, the current price of Aurora Cannabis stands at 4.57, as last reported on the 26th of November, with the highest price reaching 4.69 and the lowest price hitting 4.37 during the day. Aurora Cannabis secures Sharpe Ratio (or Efficiency) of -0.0893, which signifies that the company had a -0.0893% return per unit of risk over the last 3 months. Aurora Cannabis exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aurora Cannabis' Mean Deviation of 2.62, standard deviation of 3.76, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide.
Aurora Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Aurora |
Sharpe Ratio = -0.0893
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Estimated Market Risk
3.76 actual daily | 33 67% of assets are more volatile |
Expected Return
-0.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Aurora Cannabis is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Aurora Cannabis by adding Aurora Cannabis to a well-diversified portfolio.
Aurora Cannabis Valuation on October 2, 2023
It is possible to determine the worth of Aurora Cannabis on a given historical date. On October 2, 2023 Aurora was worth 5.83 at the beginning of the trading date compared to the closed value of 5.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Aurora Cannabis stock. Still, in general, we apply an absolute valuation method to find Aurora Cannabis' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Aurora Cannabis where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Aurora Cannabis' related companies.
Open | High | Low | Close | Volume | |
6.15 | 6.15 | 5.75 | 5.85 | 880,764 | |
10/02/2023 | 5.83 | 5.83 | 5.53 | 5.60 | 1,277,334 |
5.55 | 5.57 | 5.21 | 5.37 | 865,939 |
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Aurora Cannabis Trading Date Momentum on October 2, 2023
On October 03 2023 Aurora Cannabis was traded for 5.37 at the closing time. Highest Aurora Cannabis's price during the trading hours was 5.57 and the lowest price during the day was 5.21 . The net volume was 865.9 K. The overall trading history on the 3rd of October contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 4.11% . The overall trading delta to current price is 7.14% . |
Aurora Cannabis Fundamentals Correlations and Trends
By evaluating Aurora Cannabis' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Aurora Cannabis' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Aurora financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Aurora Cannabis Stock history
Aurora Cannabis investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Aurora is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Aurora Cannabis will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Aurora Cannabis stock prices may prove useful in developing a viable investing in Aurora Cannabis
Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. The companys adult-use brand portfolio includes Aurora Drift, San Rafael 71, Daily Special, Whistler, Being, and Greybeard, as well as CBD brands, Reliva and KG7 and medical cannabis brands include MedReleaf, CanniMed, Aurora, and WMMC. Aurora Cannabis is traded on NASDAQ Exchange in the United States.
Aurora Cannabis Stock Technical Analysis
Aurora Cannabis technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Aurora Cannabis Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Aurora Cannabis cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Aurora Cannabis November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Aurora Cannabis stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aurora Cannabis shares will generate the highest return on investment. By undertsting and applying Aurora Cannabis stock market strength indicators, traders can identify Aurora Cannabis entry and exit signals to maximize returns
Aurora Cannabis Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Aurora Cannabis' price direction in advance. Along with the technical and fundamental analysis of Aurora Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Aurora to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.06) | |||
Jensen Alpha | (0.33) | |||
Total Risk Alpha | (0.93) | |||
Treynor Ratio | 2.87 |
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Volume Indicators |
Complementary Tools for Aurora Stock analysis
When running Aurora Cannabis' price analysis, check to measure Aurora Cannabis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aurora Cannabis is operating at the current time. Most of Aurora Cannabis' value examination focuses on studying past and present price action to predict the probability of Aurora Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Cannabis' price. Additionally, you may evaluate how the addition of Aurora Cannabis to your portfolios can decrease your overall portfolio volatility.
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